CEO Michael Cavanaugh buys 666,667 shares of RNGE at $0.15; holds 2.55M shares (+35.5%). Cluster pattern: 2 other insiders also bought in past 14 days.
CEO Michael Cavanaugh purchased 666,667 shares at $0.15 on 2025-09-23, increasing his holdings by 35.5% to 2.55M shares, with total investment value of $100,000.05. His prior purchase at RNGE on 2023-12-21 realized a 90-day return of +126.7%, demonstrating well-timed entry in the same stock previously. The current stock trades at $0.16, down 50.0% from its 52-week high of $0.32, while the company reported negative net income of $-798,181.00 in the latest quarter and revenue decline of -53.4% year-over-year. The transaction occurs as part of a broader cluster pattern in which 2 other insiders also bought within the past 14 days, suggesting coordinated conviction during a period of significant operational and valuation pressure.